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The following information relates to the company's November bank reconciliation: Bank statement balance $10,700 Unadjusted cash balance from the company's records ? Deposit in transit
The following information relates to the company's November bank reconciliation:
Bank statement balance | $10,700 |
Unadjusted cash balance from the company's records | ? |
Deposit in transit | 2,100 |
Outstanding checks | 1,200 |
Bank service charges | 300 |
Interest earned on the bank account | 100 |
Customer's NSF check returned by the bank | 400 |
What is the company's adjusted cash balance on November 30?
a. $11,600
b. $10,700
c. $12,200
d. $10,100
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